Sistema said earlier this year it was preparing an initial public offering (IPO) of one of its segments in 2018 and that pulp and paper business Segezha and the agriculture businesses were the most IPO-ready.

“We can participate in their IPOs and we are discussing a possible investment in their agricultural business,” said RDIF’s Kirill Dmitriev on a press call. “We continue working with them in a constructive manner.”